v3.25.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
March 31, 2025December 31, 2024
(Dollars in millions)Final MaturityRatesFace ValueBook ValueBook Value
Secured Debt
CEI Revolving Credit Facility2028variable$— $— $— 
CEI Term Loan A2028variable666 664 673 
CVA Revolving Credit Facility2029variable— — — 
CVA Delayed Draw Term Loan2029variable325 319 288 
CEI Term Loan B2030variable2,050 2,016 2,021 
CEI Term Loan B-12031variable2,871 2,838 2,844 
CEI Senior Secured Notes due 203020307.00%2,000 1,983 1,982 
CEI Senior Secured Notes due 203220326.50%1,500 1,484 1,484 
Unsecured Debt
CEI Senior Notes due 202720278.125%546 542 542 
CEI Senior Notes due 202920294.625%1,200 1,191 1,190 
CEI Senior Notes due 203220326.00%1,100 1,086 1,086 
Special Improvement District Bonds20374.30%42 42 42 
Long-term notes and other payables2 2 2 
Total debt12,302 12,167 12,154 
Current portion of long-term debt(110)(110)(109)
Deferred finance charges associated with the CEI Revolving Credit Facility— (11)(12)
Long-term debt$12,192 $12,046 $12,033 
Unamortized discounts and deferred finance charges$146 $152 
Fair value$12,147 
Schedule of Maturities of Long-Term Debt
Annual Estimated Debt Service Requirements as of March 31, 2025
RemainingYears Ended December 31,
(In millions)20252026202720282029ThereafterTotal
Annual maturities of long-term debt$84 $110 $656 $639 $1,515 $9,298 $12,302 
Estimated interest payments580 750 740 660 650 710 4,090 
Total debt service obligation (a)
$664 $860 $1,396 $1,299 $2,165 $10,008 $16,392 
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(a)Debt principal payments are estimated amounts based on contractual maturity and scheduled repayment dates. Interest payments are estimated based on the forward-looking SOFR curve, where applicable. Actual payments may differ from these estimates.